Perhaps overwhelmed by the dumping of crypto tokens, Elrond (EGLD) silently recorded an increase of up to 700% in February, bringing the impression Elrond would be the next best smart contract platform.
Clearly a crypto analyst known as Guy, what makes the Elrond blockchain more unique than other networks is that it combines the features of Bitcoin, Etherum and a next -generation decentralized platform to develop a network of cryptocurrencies different from the rest.
In fact, the network has also made improvements to the merger. For example, the Elrond customization conditions are similar to the sharding introduced in Ethereum 2.0, but better.
Elrond's proof of stake (PoS) is the same as Harmony's (ONE), but better. While Elrond’s Arwen virtual machine (VM) is similar to CosmWasm by Cosmos, but better.
"If you combine these three features, you will have a blockchain that is capable of handling more transactions per second than any other smart contract blockchain combination," said Guy, who is also a spokesman for the Coin Bureau.
Its token, EGLD at the time of writing traded over $ 181 after a high jump from $ 30 last January. EGLD has also posted its most recent all -time high (ATH), $ 215.87 on Feb. 9, showing a decline of over 15% to current prices.
However, Guy is still optimistic with this token, giving confidence it will soar higher in the future, based on two other factors:
After the launch of the mainnet in July 2020 and the growth of betting and rewards participation with phases 3 and 4, the ecosystem has the potential to be in high demand.
Coinbase will reportedly list this currency on their exchange platform.
